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New Visas for Startup Entrepreneurs and Essential Employees

This act introduces new visa categories for foreign entrepreneurs and their essential employees looking to establish or grow startups in the U.S. The goal is to foster job creation and economic growth. Family members of these individuals can also obtain residency and work authorization.
Key points
Establishes new "W" visas for startup founders and their essential employees, facilitating their entry and stay in the U.S.
Entrepreneurs with at least a 10% ownership in a startup that has secured significant investments or grants may qualify for a visa.
Essential employees can obtain a visa if the startup employs them in executive or managerial capacities.
Spouses and children of "W" visa holders can also obtain residency, and spouses are additionally authorized to work.
The act provides a pathway to permanent residency for entrepreneurs who meet specific criteria for job creation and funding acquisition.
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Additional Information
Print number: 117_HR_4681
Sponsor: Rep. Lofgren, Zoe [D-CA-19]
Process start date: 2021-07-26